Infant Radiant Warmer Market Forecast 2023 - 2030
Report ID : CBI_1215 |
| Published Date:
| Format :
| Base Year: | 2022 |
|---|---|
| CAGR: | 5.1% |
| Forecast Year: | 2023 - 2030 |
| Revenue 2022: | $1,891.51 Mn |
| Revenue 2030: | $2,811.38 Mn |
Infant Radiant Warmer Market Forecast 2023 - 2030
Market Overview :
Consegic Business Intelligence analyzes that the infant radiant warmer market is growing with a CAGR of 5.1% during the forecast period (2023-2030), and the market is projected to be valued at 2,811.38 Million by 2030 from 1,891.51 Million in 2022.
Market Definition :
An infant radiant warmer is a medical device that uses radiant heat to maintain the body temperature of newborn infants. It is typically used in hospitals for premature babies or infants who are at risk of hypothermia. Hypothermia is a serious condition that can be fatal for premature babies. Infant radiant warmers help to prevent hypothermia by providing a warm environment for premature babies.
Infant radiant warmers have evolved over the years to incorporate advanced features such as integrated sensors for temperature control, alarms for temperature fluctuations, and others. The market for infant radiant warmer has witnessed growth due to increasing awareness of neonatal care, improvements in healthcare infrastructure, and the rising number of preterm births.
Market Dynamics :
Drivers :
-
The growing number of preterm births has augmented the demand for infant radiant warmers.
Preterm births can lead to various health challenges, including underdeveloped lungs and difficulties regulating body temperatures. Infant radiant warmers help address these issues by providing a controlled environment with a warm surface and heat source, allowing healthcare providers to monitor and regulate the baby's temperature more effectively. Further, the rise of premature births across the globe is one of the major factors that is positively impacting the adoption of infant radiant warmers. For instance, according to the report published by Tommy's, across the UK, there were around 53,000 babies born prematurely in 2021, an increase of 7.4% from the previous year.
-
Rising number of maternity centres is fostering the infant radiant warmer market growth.
Infant radiant warmers are essential pieces of equipment in neonatal care, as they help to maintain the body temperature of newborn infants. This is especially important for premature babies, who are more likely to lose heat than full-term babies. The growing awareness regarding the importance of neonatal care has led to a significant increase in the number of birthing and maternity centres. For instance, according to the statistics published by the March of Dimes, from 2020 to 2021, the number of birth centres in the U.S. almost doubled to over 400. Hence, the growing prevalence of maternity care centres has surged the demand for infant radiant warmers.
Restraint :
-
Risk of infection is likely to restrict the infant radiant warmer market growth.
The risk of infection is a major concern in the use of infant radiant warmers. These devices use radiant heat to warm newborn infants, and this heat can create an environment that is conducive to the growth of bacteria. Further, infections caused by bacteria are one of the leading causes of neonatal death. The neonatal period is the most vulnerable time for a child's survival. According to the statistics reported by UNICEF, globally, 2.3 million children died in the first month of life in 2021, approximately 6,400 neonatal deaths every day. Therefore, the high neonatal mortality rate is likely to hamper the demand for infant radiant warmers.
Opportunities :
-
Advancements in medical technology is expected to fuel the infant radiant warmer market growth.
The rising awareness related to the specialized care of newborns has increased the demand for advanced medical technologies, equipment, and skilled healthcare professionals to cater to the need of premature or ill infants. Advancements include the development of new and improved radiant warmers that are more efficient, safer, and easier to use. As infant radiant warmers are essential pieces of equipment in neonatal care, the demand for infant radiant warmers will aid to surge the market growth during the forecast period.
Infant Radiant Warmer Market Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 2,811.38 Million |
| CAGR (2023-2030) | 5.1% |
| By Type | Standard Infant Radiant Warmer and Portable Infant Radiant Warmer |
| By Mode of Operation | Manual and Automatic |
| By End Use | Hospitals, Gynecology Clinics, Baby Care Centers, and Others |
| By Region | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Players | SS TECHNOMED (P) LTD., Avante, GE HealthCare, Advin Health Care, Apothecaries Sundries Mfg. Pvt. Ltd., Drägerwerk AG & Co. KGaA, GPC Medical Ltd., and nice Neotech Medical Systems Pvt. Ltd. |
Get More Information
Download Sample ReportMarket Segmentation :
By Type :
The type segment is categorized into standard infant radiant warmer and portable infant radiant warmer. In 2022, the standard infant radiant warmer segment accounted for the highest market share in the overall infant radiant warmer market. A standard infant radiant warmer typically offers better temperature control, stability, and features, making it suitable for hospitals or healthcare facilities where precise temperature regulation is essential. The increasing number of healthcare facilities is a prominent factor that is boosting the segment demand.
However, the portable infant radiant warmer segment is expected to grow at the fastest CAGR in the market during the forecast period. Portable infant radiant warmers can be easily moved from one location to another and can also be helpful for home healthcare providers who need to move infants to different places. The growth of the segment is attributed to the rising focus on improving the efficiency, precision, and safety of infant radiant warmers devices.
By Mode of Operation :
The mode of operation segment is categorized into manual and automatic. In 2022, the manual segment accounted for the highest market share. Manual operated infant radiant warmers are typically less expensive than automatic infant radiant warmers. These devices are also more portable, as they do not require an electrical outlet to operate. Hence, the aforementioned benefits are driving the demand for manual infant radiant warmers.
However, the automatic segment is expected to grow at the fastest CAGR in the overall infant radiant warmer market. The growth of the segment is attributed to an increase in accuracy and consistency along with ease of use. As a result of these advantages, automatic operated infant radiant warmers are becoming the standard of care for many hospitals and clinics.
By End Use:
The end use segment is categorized into hospitals, gynecology clinics, baby care centers, and others. In 2022, the hospitals segment accounted for the highest market share of 45.50% in the overall infant radiant warmer market. Infant radiant warmers are an important tool for providing care for newborn infants in hospitals. The growth of the segment is attributed to the growing government initiatives in the healthcare industry. Governments are working to improve the quality of healthcare by introducing accreditation standards for hospitals and clinics.
Further, the baby care centers segment is expected to grow at the fastest CAGR in the market during the forecast period. Baby care centers are staffed by qualified professionals who are trained to care for infants. Moreover, the growing demand for quality childcare will aid in to surge in the demand for infant radiant warmers in baby care centers. In addition, the growing number of baby care centers in developing countries is another influencing factor likely to foster segment growth in the forecast years.
Get More Information
Download Sample ReportBy Region :
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regional Growth Insights
Download Sample ReportIn 2022, North America accounted for the highest market share of 38.50% and was valued at USD 728.23 million and is expected to reach USD 1,086.60 million in 2030. In the North American region, the U.S. accounted for the highest market share of 65.30% during the base year 2022 owing to the increasing government initiatives and growing focus on child survival research. For instance, according to the report published by KFF, the U.S. government has adopted a longer-term goal of ending preventable child and maternal deaths by 2035. Further, the increase in government funding for Maternal & Child Health (MCH) is also contributing to the infant radiant warmer market growth in the region.
Moreover, Asia Pacific is expected to grow at the fastest CAGR of 5.6% during the forecast period. The Asia Pacific region is home to several large and growing economies, such as China, India, and Japan. These economies are experiencing rapid urbanization and economic development, leading to an increase in the demand for healthcare services. In addition, the Asia Pacific region has a large population of newborns. For instance, according to the statistics published by the World Health Organization (WHO), in 2020, there were over 40 million births in Asia Pacific out of which, about 10 million were preterm. As a result, the high prevalence of preterm babies in the region will surge the market growth over the forecast period.
Details Countries Growth Insights
Download Sample ReportInfant Radiant Warmer Market Competitive Landscape:
The infant radiant warmer market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include -
- SS TECHNOMED (P) LTD.
- Avante
- GE HealthCare
- Advin Health Care
- Apothecaries Sundries Mfg. Pvt. Ltd.
- Dragerwerk AG & Co. KGaA
- GPC Medical Ltd.
- nice Neotech Medical Systems Pvt. Ltd.
Frequently Asked Question
What was the market size of the infant radiant warmer market in 2022?+
In 2022, the market size of infant radiant warmer was USD 1,891.51 million
What will be the potential market valuation for the infant radiant warmer market by 2030?+
In 2030, the market size of infant radiant warmer is expected to reach USD 2,811.38 million.
What are the key factors driving the growth of the infant radiant warmer market?+
The rising incidence of preterm births is accelerating the infant radiant warmer market growth.
What is the dominating segment in the infant radiant warmer market by mode of operation?+
In 2022, the manual segment accounted for the highest market share in the overall infant radiant warmer market.
Based on current market trends and future predictions, which geographical region will have the fastest impact on the infant radiant warmer market's growth in the coming years?+
Asia Pacific is expected to be the fastest-growing region in the market during the forecast period.
Select Licence :
| Single User | : $4200 |
|---|---|
| Multi User | : $6200 |
| Corporate User | : $7400 |
- Online PDF access to 1 user
- Unlimited analyst support
- 20% or 48 hours of free customization
- No expiry to the report
- Online PDF access upto 10 Users
- Unlimited lead analyst support
- 35% or 72 hours of free customization
- No expiry to the report
- Access to downloadable excel data sheet
- All multi user license features plus
- Unlimited user access(within the organization)
- 40% or 96 hours of free customization
- Unlimited download, print & forwards allowed
- 25% discount on your next purchase
